Nifty secret bank system

Karsten M. Self kmself at ix.netcom.com
Wed Oct 3 16:00:15 PDT 2001


on Wed, Oct 03, 2001 at 03:25:33PM -0700, Steve Schear (schear at lvcm.com)
wrote:
> At 06:30 PM 10/3/2001 +0100, CDR Anonymizer wrote:
> >http://archives.nytimes.com/2001/10/03/international/03LAUN.html
> >
> >lo-tech, trust-based, stable and fully functional since antiquity. I like
> >it :-)
>
> You'll notice the cost of money transfers using this private system are
> well below international bank wires.  If governments want to
> reduce/eliminate this "illicit" competition they should fully underwrite
> the cost of international wires below a certain threshold (say $10,000).

For some, cost of transfer is a secondary consideration to secrecy, and
possibly sufficient to keep a significant underground network active.

Peace.

--
Karsten M. Self <kmself at ix.netcom.com>        http://kmself.home.netcom.com/
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